Franklin County Commissioners Want to Refinance Bonds, Keep Reserve Fund Intact - The Missourian: News

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Franklin County Commissioners Want to Refinance Bonds, Keep Reserve Fund Intact

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Posted: Wednesday, May 2, 2012 4:00 pm

Franklin County commissioners Monday said they are moving forward with refinancing roughly $39.25 million in bonds issued in three series over the past seven years to pay for building roads and buildings.

Julie Portman, Edward Jones investment banking principal, said the county could save almost $2.1 million by refinancing all three series, even though only one has reached its first-call date, the earliest date in which a series can be refunded.

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